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Sellers

You've signed the contract and packed the boxes.  We take care of the rest - letting you achieve your goals in a secure and reliable way.

Here are some answers to questions you may have as a Seller regarding selling your property.

What can I do in advance of putting my house on the market to help insure a smooth closing?

Upon listing your house - and before you start to pack:

  • Find a copy of the deed to your home,  the closing statement, any survey and your owners title insurance policy from that purchase
  • List all the mortgages or loans against the property with account numbers and contact information for those lenders (Include equity lines)
  • Determine the amount of:
    • your most recent property tax bill
    • your homeowners association dues, if any, and contact information for the homeowners association
  • Find contact information for your water provider
  • If any of the original owners are deceased, find death certificate and probate documentation
  • If any of the original owners have become divorced since purchase of property, find divorce documents
  • If any of the original owners have filed for bankruptcy since purchasing the property, find bankruptcy documents
  • If you have filed for a property tax appeal, find all relevant Information

After I sign a contract, what can I do to insure the process goes smoothly?

  • Most critially - provide all requested information to the closing attorney within two (2) days of request.
  • Let lender and closing attorney know if:
    • An amendment to your contract is signed
    • The final walk-through results will cause an Amendment changing the sales price or loan amount
    • One or more sellers will use a Power of Attorney
    • One or more sellers will close by mail
  • Schedule any necessary property repairs as soon as possible.

  • Make no draws on any home equity line of credit loans within 30 days of closing.

  • Do not schedule vacation or out of town trips during the week of your scheduled close date.

What is a closing?

At the closing, the buyer, seller, and their real estate agents meet with an attorney to finalize the purchase and sale of the home.  The attorney will explain the settlement statement which itemizes the parties' contractual costs, any loan fees, allocations between the buyer and seller for various costs related to the home, the amount due from the Buyer and the proceeds payable to the Seller. The Buyer signs any required loan documents and the Seller signs the deed transferring title to the home to the buyer. Once all necessary documents are signed, the final approval is received by any lender, and the receipt of all necessary funds is confirmed, the attorney distributes the net proceeds to the Seller and makes all other disbursements. Generally the closing is completed within thirty minutes to an hour.

Who attends closing?

The buyer(s), seller(s) and real estate agent(s) typically all attend the closing.

What do I bring to closing?

  • A valid, non-expired photo ID such as a driver's license, passport or other government-issued ID.
  • Any documents your lender or Weissman requests you bring.

How long is a closing?

Generally the closing is completed within thirty minutes to an hour.

How does Weissman receive the funds necessary for closing?

If there is a loan, the lender forwards the loan amount to us either before or during the closing and it is held in a protected escrow account. Funds required from the buyer or seller should be wired to the attorney’s escrow account 24 hours in advance of the closing to insure timely receipt.  During the loan application process, the lender provides an estimate to buyers of the amount for which they are responsible. Additionally, the settlement statement forwarded to buyers and sellers prior to the closing from the attorney provides the amount due, if any, from each party.

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